TJX stock price target raised to $160 from $155 at Jefferies on off-price sector growth

Investing.com - Jefferies raised its price target on The TJX Companies (NYSE:TJX) to $160 from $155 while maintaining a Buy rating on the stock. According to InvestingPro data, TJX currently trades at a P/E ratio of 32.5x, with analysts setting price targets ranging from $88 to $164.

The firm cited TJX’s potential to benefit from the "secular migration toward the Off-Price sector," which Jefferies believes will likely lead to market share gains from more traditional retailers.

TJX reported strong second-quarter results with same-store sales growth of 4%, with the strongest comparable sales occurring in July. Gross margin and pre-tax margin exceeded Street estimates, while earnings per share beat both guidance and market expectations.

Jefferies suggested that TJX’s third-quarter guidance might be conservative, noting that management remains optimistic about benefiting from a strong buying environment throughout the year and driving continued traffic growth.

The firm also highlighted home goods and international expansion as unique growth opportunities for the off-price retailer, which operates stores including T.J. Maxx, Marshalls, and HomeGoods.

In other recent news, TJX Companies reported impressive financial results for the second quarter of 2025, surpassing Wall Street expectations. The company achieved an earnings per share of $1.1, which was higher than the forecasted $1.01. Additionally, TJX Companies reported revenue of $14.4 billion, exceeding the anticipated $14.14 billion. In related developments, TD Cowen has increased its price target for TJX Companies to $151 from $145, maintaining a Buy rating on the stock. This adjustment is based on TD Cowen’s fiscal year 2027 earnings per share estimate of $5.04. The revised price target represents approximately 30 times this estimate and about 20 times enterprise value to EBITDA. These recent developments highlight TJX Companies’ strong performance and continued positive outlook from analysts.

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